2:55pm CDT - First, thanks to those who voiced support after a recent anonymous commenter decided he should tell me that I should give up and get a job. I choose not to respond and have deleted his comments and tightened up comments (for now) so anons can’t comment. Being a blogger opens you up to all sorts of things and this just comes with the territory. I have thick skin and literally nothing can be said to me by someone I don’t know and respect that will affect my psyche or trading or goals or anything! ‘Nuff said...
As for today, and recent trading, I really need to go back and revisit my system exits. I know it’s impossible to catch all or even most of any given move but I am not happy with seeing where some of my exits are.
| RESULTS FOR DAY |
|---|
| NQ Contracts: | 16 |
| Net $P/L: | 458 |
| Wins: | 2 |
| Losses: | 2 |
| Win%: | 50 |
| Avg$Win: | 449 |
| Avg$Loss: | -220 |
Posts
I was always too lazy to log in with the blog comment thing. Now you've just made it harder. :-P
ReplyDeleteI don't agree that you should quit, but some of your methods I have to wonder about.
I guess I think this because, earlier when one of your systems was on a really nice hot streak, you seemed to abandon it because of some serious failures on some backtest. I guess I don't have full visibility into why you abandoned that system, but what you posted to the blog just made it seem like you just didn't like a particular curve-fit. Would be interested to hear your thoughts.
MBA you should actually be happy for attracting the envy of some idiots because it should make you understand that what you already are able to achieve very few people are. I would say you are on the right track and your blog and trading is on top so obviously you wont escape the natural hate that some manifest as soon as they see success on others, yes success, just look around on other blogs and see how many trading guru`s or traders can actually post their results everyday, almost none. Don`t worry and keep going, maybe you should disable all comments and forget about it.
ReplyDelete"It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat." - Theodore Roosevelt
ReplyDeleteGood Friday to you mate. Ignore the haters. 1Lot
Great quote 1Lot - thanks!
ReplyDeletePaul, yeah I wish more would post daily results but that alone only indicates I have the discipline to blog daily, nothing more. But hopefully that discipline translates over to my trading. :)
TCat, it's understandable that many wonder about my methods. As you know, blogging is a HUGE time commitment so it's hard to share everything so readers have a good understanding of my reasons for doing things. By keeping my blog activities to less than 5 min. a day (guesstimate), I've avoided getting burned out from blogging and envision keeping it alive for many more years. As for that particular CL system I believe you are asking about, it was more than just a bad curve-fit. It became apparent after backtesting significantly more data, that it was a losing system. I just got lucky during the brief time I was trading it! :)
Blogging is hard, MBA. On one hand, you want to record everything that happened mentally, every little decision, but then, on the other hand, there's a million other things you could do to keep researching.
ReplyDeleteI keep saying it like a broken record, but I still think you should take that C# class at a local community college, and spend a little bit of time at the prop shops. I like to think of myself as capable, but the truth of the matter is that the best insights I gained were after learning from other people.
The reason I say this is because the markets are super, super competitive. It doesn't help you to start with a knowledge gap relative to your competition. The problem with web criticism is that you don't know who has the track record to make valid criticisms, so the advice isn't quite as useful.
Plus, there are people out there who actively want you to fail. Their incomes depend on it.
Looking at comments in general from message boards such as Elite, there appears to be a strong correlation that the harshest criticism on someone's performance almost invariably comes from those with the weakest credentials of their own. On Elite it's entertaining to see someone tell someone else to quit, only to be shot down themselves buy someone calling out their own deficient performance and their hypocrisy in judging others.
ReplyDeleteYour critics follow the same suit - it's always the anonymous ones that talk the toughest who have no visible track record to rate their authenticity.
Question - for the CL system you gave up because the back testing showed failure, did it run out of steam during real-time use or did you decide to stop using it based on the back tests?
Agree with all that. As for CL system, it was a combo of both. It started to lose steam in real-time so I backtested much more data and found it had some really bad spells. May it R.I.P.
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